Whether you bought a pristine model, or built it from the garage floor up, your show piece classic car is your pride and joy. It is no secret that older cars are better than new cars. Even if there is no air conditioning, at least there is cheap insurance for an old car, among many other sought after features.
Plenty of people believe that older cars are superior to newer cars. Of course the naysayers will bring up blue tooth technology, or heated driver and passenger seats, but how can those features compare to the simplicity of a classic? Cars today are riddled with technology and are extremely complex. If there is a minor fix needed to an old ride, it can be done with the tools in your garage, and a few bolts in the engine. Modern cars require being plugged into a computer with a million wires and settings. Because of the simplicity, vintage cars are affordable. In addition to the technology of modern cars being nearly impossible to fix unless you have the right computer technology, the technology is heavy!
Although vehicles are more gas efficient because of technological advancements, the added physical weight to the model requires the driver to put more gas in the tank than it used to be. So the efficiency is somewhat cancelled out. With the ability to repair and improve at home, along with the reality of cheap insurance for old cars, the case only grows stronger. Speaking of classic collectors insurance for an old car, let's focus on depreciation. Depreciation is the difference between how much an individual spends on a car, verses how much the amount you get when you go to turn in, or sell the vehicle. As soon as a car is driven off the lots it begins to lose value, typically after the first year a car's value can drop between 10% and 40%! Of course the condition of the car, and the make and model effect depreciation as well, but this is not something that impacts classic vehicles. In fact, classic vehicles can appreciate and gain value!
To be eligible for cheap insurance for an old car the vehicle has to be driven sparingly, less than 1000 miles per year, and be maintained or restored to a certain level. The make, model, and safety features of the classic car are likely to score you a lower monthly premium. How much you pay can also be effected by the drivers zip code, and your driving history, so don't let the durability of a classic car allow you to become less diligent with following the rules of the road.